Tuesday, 31 March 2015
Last updated 12 hours ago
Feb 7 2007 | 11:21am ET
The Public Employees Retirement System of New Mexico on Feb. 6 approved an investment of $30 million in the Oz Master Fund II, the flagship multi-strategy hedge fund run by Och-Ziff Capital Management, and another $30 million to Davidson Kempner Institutional Partners, an event-driven hedge fund. Both allocations are to come from PERA’s fixed-income portfolio.
Marvin Davidson founded Davidson Kempner Capital Management in May 1983. The firm manages some $8.7 billion and invests in merger arbitrage, bankruptcy and restructuring situations and typically does not use leverage.
Daniel Och founded Och-Ziff in 1994 with $100 million from Daniel and Robert Ziff and has turned the firm into a global operation encompassing both hedge fund and private equity practices.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…